link to FA homepage

September 2021

FA budget for 2021-22

Peter DiGregorio

 

Budget, along with post-it notes, FA notepad, and calculator
The proposed FA budget must be approved by the EC every year. (photo by Cynthia Eaton)

In keeping with the duties of the treasurer as outlined in the FA Constitution & Bylaws, my responsibility is to prepare a proposed annual budget in conjunction with the budget committee.

The proposed budget for 2021-22, below, was presented, discussed and approved unanimously by your elected representatives of the FA Executive Council during our meeting on Thursday, August 26, 2021.

 
Projected (2)
2020-21
 
Budgeted
2020-21
 
Approved
(4)
2021-22
 
INCOME BY SOURCE
 
 
 
   
 
Membership Dues
703,679
 
773,200
 
680,002
 
Interest & Misc.
52
 
645
 
120
 
TOTAL RECEIVED
$703,731
 
$773,845
 
$680,122
 
EXPENSES BY FUNCTION ($)
           
Office Services
66,815
 
66,850
 
67,697
 
Employee Taxes/ Benefits
38,135
 
39,134
 
40,229
 
Office Supplies
2,856
 
4,725
 
3,225
 
Office Capital Expense
20,458
 
15,550
 
10,118
 
Telephone/
Data Package
6,525
 
6,400
 
6,720
 
Mailing
4,288
 
7,370
 
3,370
 
Office and Assoc.
Insurance
500
 
550
 
550
 
NYSUT/AFT Delegate
Assembly
0
 
4,290
 
5,650
 
Workshops and Seminars
287
 
8,950
 
10,450
 
Negotiations, Legal, Grievances
7,575
 
15,000
 
11,000
 
Publications & Public Relations
28,135
 
31,244
 
25,640
 
Membership Services
8,303
 
13,200
 
6,200
 
Stipends
49,728
 
49,728
 
50,976
 
Administrative Expenses
1,814
 
5,000
 
2,500
 
SCOPE/NYCOSH Expenses
3,236
 
6,200
 
6,200
 
Insurance Expense
1,161
 
800
 
1,200
 
Audit
7,500
 
7,500
 
8,000
 
Other Disbursements
0
 
300
 
300
 
TOTAL EXPENSES SUBTOTAL
247,315
 
282,791
 
260,025
 
Per Capita Dues NYSUT/AFT (1)
434,213
61.7%
490,775
 
419,900
61.8%
TOTAL EXPENSES
681,528
 
773,566
 
679,925
 
TOTAL RECEIVED
703,731
 
773,845
 
680,122
 
Gross Surplus (Deficit)
$22,203
 
$279
 
$197
 
 
 
 
 
 
 
 
CASH STATUS
 
 
 
 
 
 
Net Cash at End of Year (3)
$325,814
 
$303,890
 
$326,011
 
 
 
 
 
 
 
 
MEMBERSHIP STATUS
 
 
 
 
 
 
Full Time
418
 
430
 
410
 
Adjunct
952
 
1,190
 
850
 
TOTAL
1,370
 
1,620
 
1,260
 
PER CAPS (PER MEMBER)
 
 
 
     
Full time
$612.96
 
$612.96
 
$617.76
 
Adjunct
3/4 dues
$400.98
 
$400.98
 
$403.38
 
Adjunct
1/2 dues
$306.48
 
$306.48
 
$308.88
 
Adjunct
1/4 dues
$153.24
 
$153.24
 
$154.44
 
Adjunct
1/8 dues
$76.62
 
$76.62
 
$77.22
 
 
NOTES TO BUDGET
  1. Per capita dues are also shown as a percentage of the membership dues as a broad check on calculations. Projected dues based on 2019-22 contractual rates.
  2. Based on actual results through July 31, 2021, and projected results through August 2021.
  3. Total accumulated funds (net cash at end of year) carried from line 23.
  4. The budget was approved by the Executive Council on August 26, 2021.